In addition, it mines more than gold. It also mines copper. It's certainly true that the price of gold and copper affects its profitability. But that's true of any business tied to a commodity. Warren Buffett has in the past invested in oil companies affected by the price of oil and Deere & Co., which is affected by the price of crops. But that's a far cry from investing directly in commodities.
Mr. Buffett is not a fan of gold as an investment. Here are a few of his comments about the precious metal: Referring to gold, “it’s a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.”
kirillklip What do you think about this.
Legend👌🏻
He’s just getting a bit of everything so whatever goes up or comes down he will be good anyways...
He was all about having people keep their money in the S&P 500 forever. What happened? Maybe he tells America to do one thing while doing something different for himself.
Truth Revealed: He bought some gold because his rich AF and likes to play the markets.
i can’t afford to get fillings in my teeth but I’m going to read this article
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Source: BusinessInsider - 🏆 729. / 51 Read more »